The Great Debt Ceiling Crisis of 2011
The saga of the Great Debt Ceiling Crisis of 2011 came to a disappointing end Tuesday when President Obama signed into law the lousy “compromise” that was sent to him by Congress. Let us look back on the events that brought us to the pathetic end of the over-hyped debt ceiling “crisis”. The President addressed the nation on Monday July 25, in the hope of frightening the American people into a blind, thoughtless frenzy that would have them pressure their respective members of Congress into a “compromise”. The days following his speech brought the introduction of several plans by various leaders in Washington DC. The primary of those being one from House Speaker John Boehner (R-OH) and Senate Majority Leader Harry Reid (D-NV) – who incidentally filibustered his own bill for more than 20 hours. In the President’s speech Monday he did his very best to explain the problem to the American people. He did so by: Demonizing tax cuts as an expense to the government – as if the money belongs to the government, and the government is being inconvenienced in allowing you to have it, as their gift to you. This money belongs to you! The government has […]